Equities research analysts expect that Resideo Technologies Inc (NYSE:REZI) will post sales of $1.27 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Resideo Technologies’ earnings, with the highest sales estimate coming in at $1.28 billion and the lowest estimate coming in at $1.27 billion. Resideo Technologies also posted sales of $1.27 billion during the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 5th.

On average, analysts expect that Resideo Technologies will report full-year sales of $4.96 billion for the current financial year, with estimates ranging from $4.95 billion to $4.96 billion. For the next financial year, analysts forecast that the business will post sales of $5.14 billion, with estimates ranging from $5.13 billion to $5.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Resideo Technologies.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 earnings per share.

Several research firms recently weighed in on REZI. ValuEngine raised Resideo Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer downgraded Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Imperial Capital lowered their target price on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, Bank of America downgraded Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.00.

NYSE:REZI traded down $0.10 during trading hours on Tuesday, hitting $10.75. 3,630,404 shares of the company’s stock traded hands, compared to its average volume of 2,521,440. The firm has a market cap of $1.33 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.95 and a beta of 1.27. Resideo Technologies has a twelve month low of $8.60 and a twelve month high of $26.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 1.19. The stock’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $15.81.

In other news, Director Sharon L. Wienbar bought 4,900 shares of the stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $10.32 per share, for a total transaction of $50,568.00. Following the completion of the purchase, the director now directly owns 4,900 shares of the company’s stock, valued at approximately $50,568. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert P. Ryder bought 22,900 shares of the stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $201,749.00. Following the purchase, the chief financial officer now directly owns 22,900 shares of the company’s stock, valued at $201,749. The disclosure for this purchase can be found here. Insiders acquired 33,751 shares of company stock worth $312,256 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in REZI. Investec Asset Management LTD boosted its stake in shares of Resideo Technologies by 37.6% during the 2nd quarter. Investec Asset Management LTD now owns 4,328,366 shares of the company’s stock worth $94,878,000 after acquiring an additional 1,182,110 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in shares of Resideo Technologies during the 2nd quarter worth about $24,285,000. Nuveen Asset Management LLC bought a new stake in shares of Resideo Technologies during the 2nd quarter worth about $15,656,000. BlackRock Inc. boosted its stake in shares of Resideo Technologies by 6.3% during the 2nd quarter. BlackRock Inc. now owns 10,790,775 shares of the company’s stock worth $236,534,000 after acquiring an additional 639,881 shares in the last quarter. Finally, Selz Capital LLC bought a new stake in shares of Resideo Technologies during the 3rd quarter worth about $6,130,000. Institutional investors own 85.41% of the company’s stock.

About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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